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Putin Game Theory in it’s Place

A recent Slate article notes that Vladimir Putin may be trying to create the impression that he is crazy — that it may all be part of a game theoretic ploy. This seems like a great opportunity to discuss game theory on a much larger stage. The article notes, “Consider strategic theorist Thomas Schelling’s concept of the “rationality of irrationality.” This can be illustrated through the game of chicken, in which two drivers are heading for each other at full speed, and the first to swerve is the chicken. A driver who appears crazy enough to prefer dying over chickening out will always have the advantage. It is therefore rational for a player to convince his opponent that he is actually irrational.” Game theory can seem inaccessible when it is only presented using abstract examples (though Dilbert can help there), this offers a concrete example that may bring it to life for the students.